Cosgrove Company manufactures two products, Product K-7 and Product L-15. Product L-15 is of fairly recent origin, having been developed as an attempt to enter a market closely related to that of Product K-7. Product L-15 is the more complex of the two products, requiring 3 hours of direct labor time per unit to manufacture compared to 1 hour of direct labor time for Product K-7. Product L-15 is produced on an automated production line. Overhead currently is applied to the products on the basis of direct labor-hours. The company estimated it would incur $838,366 in manufacturing overhead costs and produce 18,400 units of Product L-15 and 92,000 units of Product K- 7 during the current year. Unit costs for materials and labor are: Compute the predetermined overhead rate under the current method of allocation and. Determine the unit product cost of each product for the current year. The company is considering the use of activity-based costing as an alternative to its traditional costing method for manufacturing overhead. Data relating to the company's activity cost pools for the current year are given below: Using the data above and an activity-based costing approach, determine the unit product cost of each product for the current year